Can These Factors Fuel SUI Crypto Rally By Over 35%?

Sui Network consolidated within a converging triangle pattern, suggesting a potential for significant SUI crypto price movement.

The current price hovers near the upper trendline of the pattern. If SUI breaks above the resistance trendline, it could initiate a bullish rally.

Given the pattern’s height, a breakout could lead to a price increase of up to 35%, potentially reaching around $4.61.

Conversely, if SUI breaks below the support trendline, a bearish downturn could follow.

A 35% drop from the breakout point could see prices descending towards $2.22, influenced by negative market sentiment or adverse network events.

Should SUI face rejection at the current resistance level, it might consolidate further within the triangle.

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This might delay any significant price change until a clearer market direction is established.

If the price rebounds from the support line without breaking through, it could indicate strong buyer interest at lower price levels, potentially setting up a gradual recovery or sideways movement.

This makes SUI cypto’s current oscillation range a focal point for traders watching for breakout or breakdown signals as indicators of future price directions.

SUI Crypto’s Stablecoin Market Cap

The SUI stablecoin market capitalization also showed remarkable growth, registering a 60% increase over the past three months to a current high of $515,837,219.

This surge reflects heightened confidence and adoption within the SUI network, suggesting a robust expansion in its use for stable transactions.

In December 2024, the market cap stood at approximately $322,398,262, initiating the growth phase.

Continued expansion saw the market cap increase to around $419,117,741, marking a substantial month-over-month growth.

The trend persisted, peaking at $515,837,219 by the end of the February.

Should the trend of increasing market capitalization continue, driven by broader adoption and integration into more financial platforms, SUI could see further valuation surges.

Conversely, a market correction or shift in investor sentiment towards competing stablecoins could temper this growth, possibly stabilizing the market cap or leading to a slight retraction.

SUI Active Addresses

The uptick in the daily active addresses on the Sui Network led to new all-time highs, reflecting increased user engagement and potential network growth.

Active addresses stood around 800,000, correlating with a price of approximately $3.20 in early to mid December.

They increased to nearly 1,200,000 active addresses by mid January 2025. The peak with active addresses was when they soared past 1.2 million.

The surge in active addresses indicates a robust adoption rate and user activity which typically bodes well for network health and token valuation.

A concurrent rise in price with active addresses suggests that increased network utilization is positively influencing market valuation.

Continued growth in active addresses could further drive demand for SUI crypto tokens, potentially pushing the price to test or surpass recent highs. Key resistance may form near the $5.60 mark.

Should the surge in addresses not be supported by sustained usage or if there’s a sharp decline in active addresses, it could indicate a bubble-like expansion, risking a correction.

A drop below the current support level around $3.20 could trigger bearish momentum.